As a new company, their small team size presented great advantages - the partners can be more agile in their decision making to quickly identify and pursue the best opportunities. However, small size is a double-edged sword - the sheer volume of opportunities SRC is able to source can present a challenge to process and prioritize for small teams. The partners needed to dedicate their time to what they do best - leveraging decades of industry experience and relationships to quickly identify and win the best deals. To help the team maximize its efficiency and effectiveness, they needed a partner and solution that allowed them to manage and leverage all their deal information - both opportunities in their pipeline and in the market in general - while reducing time invested in data entry and reporting overhead.
The Scarp Ridge team needed a solution which could provide the ability to:
- Track the team’s deal flow in an interface that is easy to navigate, maintain and is user friendly
- Effectively track data on deals in the market enabling Scarp Ridge to catalogue and building a database of opportunities pursued and not pursued to provide robust comparable analysis.
- Easily mine and access any deal related information to avoid sifting through old emails and files.
- Limit time spent on any manual data entry and reporting.
“Scarp Ridge invests in people first and real estate investing is a people intensive business. We needed a solution that would make our team more efficient and effective to manage and prioritize our pipeline and allow us to focus our resources and efforts developing relationships and executing on the best investment opportunities for our partners. Having access to a database that is easy to work with including robust and accurate data allows us to make better investment decisions. Not having to spend time on data entry, updating reports, or searching through old documents for deal related information frees up our team to source and execute on more opportunities".
— Greg Rush, Founder and Managing Partner